Foodmaker (Jack-in-the-Box Restaurants) Message Board

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Non-Tech : Foodmaker (Jack-in-the-Box Restaurants)

FM 27.19

0.0%

Jan 8 4:00 PM EST

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To: David Kuspa who wrote (14)	11/6/1996 8:39:00 PM
From: Arnie Doolittle	of 338

Dave, the action in fm today was spectacular, especially the last 15 minutes. It will be interesting to see whether we see follow through tomorrow or a pullback. My guess is we'll see follow through. But what the hey do I know? I've been wrong before. I've got the company release in hand and it shows a better picture that the release on the newswire. Company restaurant sales were up 6.5% for the quarter, same store sales up 4%. You'd never know it from the wires. The difference is franchise distribution sales which are barely profitable. Good riddance as far as I'm concerned - as long as the quality used by franchisees remains the same. Income taxes came in at 20.91% for the year so the company was on target using 21% in prior quarters. In summary, at 51 cents a share, fm is looking good. My projection for next year is 69 cents. That's assuming 4% same store sales growth, 70 new locations, and 39% income tax rate. All the abouve is doable. Put a 20 pe on that and what do you get? That's the minimum potential for this stock imho. Arnie

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